However, Stephen Innes, head of Asia-Pacific trading at OANDA, warned of possible headwinds for 2018, pointing out that Trump could struggle to push through a planned $1 trillion infrastructure bill in the face of low poll ratings and possible mid-term election losses.
On currency markets the euro edged down but held its own after Catalan separatists won the crucial election Thursday, fuelling fresh uncertainty in Spain, one of the eurozone’s biggest economies.
The vote came after a failed independence bid earlier this year rattled Europe and triggered Spain’s worst political crisis in decades.
While pointing out there had been little immediate negative impact on the single currency, Innes said the result “would deal a significant blow Spanish Prime Minister Mariano Rajoy that could potentially escalate”.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.